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New on this. Can I have some simple advice to start?
Hi, I'm new on Reddit and also on Bitcoin (in Bitcoin I'm not even new, I intend to start buying soon). I'm not sure I should post this here, If not, please direct me elsewhere. I have a couple of very basic questions on how to start buying Bitcoin. I imagine these questions will seem almost retarded for almost everyone here, but on the other hand they may correspond to doubts some other people that are just starting may also have So, I have been reading general news about bitcoin and cryptocurrencies, and I'm convinced that they (at least some of them) will succeed, gain acceptance and gain in value. Bitcoin will be one of them, probably the most successful in the long term, at least the most appropriate to buy now, when entering this field. My problem is that I can use a PC, I can browse the net and read stuff, etc., but I don't have much technical knowledge. I've read some articles with opinions on the best way to start buying Bitcoin, but I'm still very much uncertain. I would like to validate those opinions with some answers to a couple of basic questions. I live in Europe, in a small EU country. My intention is to buy around 1 bitcoin, doing everything legally, and reducing the risk of loss due to some mistake or technical blunder on my part. So, here it goes:
Where should I do a first experimental little buy? I read about peer-to-pear exchanges, but they would imply managing my own wallet software, right? That does not seem easy. Probably one of the biggest traditional exchanges would be better (and easier) to start?
The biggest and safest exchanges to use in Europe seem to be Bitstamp and Kraken. Are they as easy to use, and as safe (or safer?) as older Forex trading companies that now also offer cryptocurrency trading, such as Etoro and such?
Do you think there is a real risk if I leave a limited amount (in the region of 1 bitcoin) in one of those largesafer exchanges, instead of getting a wallet and storing the info personally? I know most people defend one should take crypto out of the exchanges, into a personal wallet, and keeping the wallet in a dedicated hardware device. That does not seem too hard to do, but it still adds complexity, things to do, to buy, to learn and to remember. Does it add that much security? Does it need to be done after buying my first bitcoin, or may I delay it?
Ok, this is long already. Any help will be much appreciated.
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